Apple's Business in India Exceeds 23.5 Billion US Dollars in 2024 Fiscal Year

TapTechNews August 16 news, EconomicTimes reported on August 14 that with the popularity of products such as iPhone, Mac, iPad, AppleWatch, and AirPods, Apple's business in India in fiscal year 2024 exceeded 23.5 billion US dollars.

An Indian official told ET that Apple should be the company with the fastest growth in production and export in India in the past 50 years, and has become the largest global value chain (GVC) company in India.

TapTechNews note: The global value chain refers to all the activities that economic actors engage in to bring products to the market. The global value chain not only involves the production process, but also includes pre-production (such as design) and post-production (such as marketing and distribution) processes.